Going "All In"

[blueoceanblues]

For me,
my mind goes to a quote by Marcus Aurelius

Not a bad place for the mind to go, for this month of April I was reading that book. Came across it from Ryan Holiday's blog.

Excellent post too.

 

[OVOvince]

You don't buy the New York Jets by living a well-balanced life.

The funny part is that even after puttin in all the work to be able to afford that... you still don't buy the New York Jets hahaha

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[StevieB]

You don't buy the New York Jets by living a well-balanced life.

You also don't kill yourself if you don't live a well balanced life despite inviting Kodak.

"
To my friends

My work is done

Why wait? -- http://www.openculture.com/2013/08/...ge-eastman-my-work-is-done-why-wait-1932.html

GE"

Inventor of Kodak.

http://www.openculture.com/2013/08/...ge-eastman-my-work-is-done-why-wait-1932.html

So yea -- go "all in" F#ck everything else.

 

[randomnumber314]

I hear (read into) a lot of fear in many of these arguments. There's a quote by Seneca that states something like "live for a week without that which you fear losing the most" (I'm sure I butchered it)

Going all in, usually, means having the willingness to swap the leased Audi for a cash Toyota, and not worrying about what Mom/Dad/Mr. Jones will think.

Going all in, usually, means sticking to a single idea to the end, not worrying that people will see you struggling, or you'll fail and they'll talk shit about you, or your inner demon was right and you do suck. Going all in, usually, means systematically pursuing a goal while being open minded to the fact that you're probably wrong about what you think you know, and you're going to let people with wallets tell you what they want to buy/value.

Going all in, always, means accepting responsibility for your decisions, preparing to takes risks by using whatever information you have available, and not "pushing it all in the pot" unless the table/tourney allows you to buy back into the game.

Watch the movie Joy. She went all in, and because she did she fought and fought to make her concept a reality. That's the mindset difference (I believe) 458 is speaking about.

Take this for example. A guy decides to go all in. He takes his retirement funds, and savings, and starts a business. Within a few months the company is doing between $20-40k a week in sales. After a few months the businesses is struggling to find employees to fulfill sales. The guy sells some personal assets to bolster the company's bank account. Eventually the guy realizes that the company can't fulfill the sales as "winter is coming" and he's down to two employees. He refunds the customers, sells the equipment, and moves on. Total timeline 9-10 months.

Did he go all in ?

I don't think so. I think he tried, really hard, for a bit, but in the end he gave up.

 

[CaptainAmerica]

"All in" for me means putting everything on the line, and I won't yet, because kids. But - I buy myself time. When I have to, I get some stupid a$$ job that pays between customers. Then I quit in disgust and hustle more.

I'm committed to building a lifestyle, including right freaking now. My time isn't going to be spent only working (whether for my own business or not). My goals are bigger than my business.

I have housemates, so my mortgage is down to -$19. I work from home, so I don't buy much gas. Why should I sell my house to get capital I don't really need? Sure, I could sink $100,000 into my business and 'get there faster'. But that takes all the fun out of the process. Ask any trust fund kid why they work when they don't have to.

It doesn't matter if 95% of businesses fail. They're not there to exist. They're there to promote the economy. This is why serial entrepreneurialism is a real career choice. My mission isn't to make $48 million. That's a goal. My mission is to change the way the world does business. My vehicles will change along the way, but that road won't.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Sovereign]

Go all in.

Whenever i say something like that i'm accused of bravado...
Or of being foolish.

But why foolish? Honestly, once you learn that money can be earned (and how) you know you can always get it back if you lose it this time around.


P.S.: bravado didn't always have a negative meaning...

 

[458]

Serious question....has it worked out well for you?

Read the first post.

 

[mtn_baldy]

My question is how do you know when your business has failed?
Anyone can delude themselves into thinking it can still work, or turn around... How do you know when to call it quits?

 

[happybhoy]

This is a general announcement for all you little girls with your toe in the water..

Go all in.

Not in an hour, not next week, not after you finish talking to some broad your trying to screw. Lets talk about something important.

Go all in. What does all in mean? That means no plan b, willing to lose every cent you have in front of everyone you know. Worked for me.. Will it work for you? I don't know but you'll be dead soon so no need to worry.

Cheers

For me, I'm keeping my job until I see some signs that this might work. Working 40 hours a week slowlane certainly isn't slowing me down.
I'm going all in emotionally, I've had many half arsed tries but I'm taking this idea to the end.
Quiting your job might add a pressure to succeed but I'm creating the pressure by making it public that I'm trying to start a business. I'm not willing to look like a failure, so it gives me motivation to work and make the sacrifices.
"All in" to me means getting into the mindset that failure isn't an option.

 

[nradam123]

I just read the thread by MJ - https://www.thefastlaneforum.com/community/threads/how-bad-do-you-want-it-enough-to-go-all-in.48502/

I have less than a months rent in my bank account (In India. So thats less than a weeks rent in developed countries) and I want to move to the United States tomorrow. I can get the tickets by asking my friends for a loan and I can get $1000 extra. SHALL I GO ALL IN ??

 

[StevieB]

And here is a quote from MJ on the topic of the work portion of going "All In".

"I moved to AZ with $900 and a car that didn't have a functional transmission. I shacked up in a studio apartment. I was willing to wash dishes, flip burgers, and drive cabs. I didn't care."

So, "All In" does not necessarily mean shutting down your income stream.

I went completely in when my living expenses were being supported by my business. It took me 2 years from the time I started but it was a worthwhile wait in my circumstance. That was 18 years ago though and I have not had a job since.

Well, not completely true.... I worked for a commercial real estate company once as a part time leasing agent for retail properties. Only to learn the business though...

Agreed.

My definition of "going all in" doesn't mean you quit your job, kick out your girlfriend, get a divorce, sacrifice everything for a business.



Here is the simple definition of "going all in" -- even if you have kids, a marriage, are single, have a full-time job, whatever your circumstances are it's all the same. In fact doing some of those things are completely reckless -- so don't confuse "going all in" for chucking it all and selling everything and moving into a 500-sq ft apt. in the Philippines for "going all in".

What it means is having the discipline and laser focus on a goal. This one goal. This "one thing" is what you'll dedicate all of your time to outside of your current responsibilities. It means other than the basics of either taking care of your children (if you have them), your wife (if you have one), your dog (if you have one), your rent payment (if you have one), you water bill (if you have one), and someone ponying up the money for Ramen noodles.

Outside of that YOUR FOCUS is this ONE GOAL. The rest of your time is committed to that, not partying, not chasing tail, not going to dinner with your friends, not watching TV, not playing video games, anything outside of your basic responsibilities you use your time to focus on this goal.

That is going all in.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.